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10 financial learnings from Ravana’s life.
1. Don’t let ego dictate your decisions. Ravana’s big ego was the cause of his downfall. Get out of loss-making investments at the right time.
2. Knowledge is power. Ravana was a powerhouse of Vedic knowledge.
1. Don’t let ego dictate your decisions. Ravana’s big ego was the cause of his downfall. Get out of loss-making investments at the right time.
2. Knowledge is power. Ravana was a powerhouse of Vedic knowledge.
Keep yourself updated about financial developments and rules.
3. One mistake can wash away years of reputation. Kidnapping Sita eclipsed all of Ravana’s other accomplishments.
Untimely redemption can result in heavy losses.
3. One mistake can wash away years of reputation. Kidnapping Sita eclipsed all of Ravana’s other accomplishments.
Untimely redemption can result in heavy losses.
You may have been investing in equity funds for several years, but if a sudden downturn makes you panic and you end up redeeming all the units, you are bound to accrue losses, negating years of hard work. Remember, it is best to invest in equity funds for the long term .
4. Don’t trust family blindly
Ravana was betrayed by his own brother, Vibhishan. Don’t always depend on family for financial advice.
5. Hard work is important for success. He did tapasya for thousands of years to appease Lord Shiva.
Research about investing products is important.
Ravana was betrayed by his own brother, Vibhishan. Don’t always depend on family for financial advice.
5. Hard work is important for success. He did tapasya for thousands of years to appease Lord Shiva.
Research about investing products is important.
6. Good lineage is not enough to succeed
Ravana was the great grandson of Brahma, son of sage Vishrava and brother of Kuber, but his own actions ultimately defined him.
You may inherit wealth but how you invest and spend will define how rich you become.
Ravana was the great grandson of Brahma, son of sage Vishrava and brother of Kuber, but his own actions ultimately defined him.
You may inherit wealth but how you invest and spend will define how rich you become.
7. Right application of knowledge is important
Ravana was a great scholar, but his knowledge of Vedas did not help when he decided to kidnap Sita.
Investing knowledge is half-baked if you do not consider the tax implication.
Ravana was a great scholar, but his knowledge of Vedas did not help when he decided to kidnap Sita.
Investing knowledge is half-baked if you do not consider the tax implication.
8. One must take care of one’s assets
A proficient king, Lanka prospered under his rule.
Monitoring one’s portfolio is important.
A proficient king, Lanka prospered under his rule.
Monitoring one’s portfolio is important.
9. One must have diversified interests
Ravana was multifaceted, excelling in arts, music, diplomacy and politics.
Diversification is crucial to investing.
Ravana was multifaceted, excelling in arts, music, diplomacy and politics.
Diversification is crucial to investing.
10. Stick to ethics and rules
Ravana was a true gentleman. He did not harm Sita, and even helped Lord Rama perform yagya to cross over to Lanka.
Don’t take short cuts while investing; make full disclosures while buying insurance.
Ravana was a true gentleman. He did not harm Sita, and even helped Lord Rama perform yagya to cross over to Lanka.
Don’t take short cuts while investing; make full disclosures while buying insurance.
Do like and retweet if you like the lessons learned by Ravana.
Source - Economic Times
Source - Economic Times
